A troubling criminal case has emerged in New York City, where a man is accused of subjecting another individual to extreme physical torture in a bid to steal his Bitcoin.

Authorities report that the victim was attacked in a home in Manhattan, where he allegedly suffered a series of brutal assaults.

The physical abuse reportedly included being pistol-whipped, beaten, and cut with a chainsaw.

Additional reports indicate that the victim was shocked with electric wires and humiliated by being urinated on during the ordeal.

Law enforcement officials have apprehended a suspect in connection with the incident, highlighting the lengths to which some individuals may go in the increasingly volatile arena of cryptocurrency.

The case underscores growing concerns over the potential for violence related to theft and disputes over digital currencies, which have become a significant component of global financial markets.

In recent years, as the popularity of cryptocurrencies like Bitcoin has surged, incidents of theft and violence tied to these assets have also increased.

The New York Police Department (NYPD) is currently investigating the incident and coordinating with federal authorities as the case progresses.

Similar incidents have been reported in other metropolitan areas, raising questions about security and the risks associated with cryptocurrency ownership.

This case adds to a growing body of evidence suggesting that as cryptocurrencies gain mainstream traction, the associated risks of criminal activity around these digital assets may also escalate.